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COGNITIVE ASSESSMENT Which of the following statements is not true about biometric devices?
Adjusting Entry
An accounting journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate years, ensuring financial statements are accurate.
Accounting Period
A specific duration of time used for financial reporting, usually quarterly or annually.
Supplies Expense
Supplies expense is the cost of consumable items used during the operating cycle of a business, such as office supplies, which are expensed as they are consumed.
Adjusting Journal Entry
Adjustments made in the financial books at the period's end to accurately distribute profits and costs to the period they belong.
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